IOV Labs’ RSK network acquires social networking application Taringa

IOV Labs‘ blockchain project RSK announces the acquisition of Taringa. Taringa is a Spanish social network system hosting around twenty million users. Through this collaboration, both companies will be integrating RSK and RIF tokens in their daily operations. The tokens will be utilizing RSK technology, allowing them peer-to-peer (P2P) trading, hosting decentralized applications (dApps) and content sharing.

IOV Labs and Taringa

Reportedly the social networking application Taringa has over seventy million monthly visitors. It also boasts a vast number of registered users that IOV Labs hopes to utilize. IOV labs want to give its blockchain products more exposures by introducing them to Taringa’s userbase.

RSK network that pivots on Bitcoin’s hash power will ensure the security of customer data and their assets. By exposing it to Taringa’s userbase, IOV Labs hope to receive feedback about RSK network, its decentralized apps, and infrastructure.

The partnership would provide benefit for RSK network by exposing it to a larger comunity. Furthermore, it will help with Taringa’s network by providing its users with several new options. The tokens will allow users to participate in numerous communities on the network by merely sharing content. The tokens can also be used for dApps to offer their services and products as a direct P2P token exchange method.

Blockchain adoption: Going up and up

Blockchain technology has been growing steadily with old critics becoming new supporters. The community may soon see mass adoption becoming a reality. The recent collaboration between IOV Labs and Taringa comes at a time when blockchain is seeing new allies. The Bank of China has released a comprehensive educational Bitcoin infographic.

What the deal brings to these companies remain to be seen though Blockchain is now officially on the fast lane to mass adoption as even banks in the country of Pakistan view the light in them. Although some countries may be against cryptocurrencies, none of them have any objections when it comes to blockchain technology.